Cashew output reduces nearly 50 percent

Vietnam’s raw cashew output reached at 240,000- 250,000 tons, a decrease of 50 percent compared to the same period of last year.

Vietnam’s raw cashew output reduces nearly 50 percent in comparison with the same period of last year

At a press conference of the 2017 International Clients' Conference for the Cashew Industry of Binh Phuoc, the Binh Phuoc People’s Committee announced that the authority will collaborate with Vietnam Cashew Association (VINACAS) to hold the event.

Ministries and departments of Vietnam, the embassies of several countries having cashew trading activities with Binh Phuoc and the local cashew processing enterprises will participate in the conference.

This is considered as an good opportunity for cashew farmers, producers, processing and trading enterprises to negotiate and sign cooperation agreements with domestic and international partners, and to promote export activities as well as prove Binh Phuoc’s cashew potential.

Last year, the southeastern province exported 153 trillion tons of cashew nuts to reach its export turnover up to US$ 500 million, and the province targets to raise cashew export turnover by US$ 1 billion by 2020.

A representative from the State Bank of Vietnam (SBV) yesterday reported difficulties in implementing a loaning program to develop hi-tech agriculture at a conference in the Central Highlands province of Lam Dong.

When Vietnam removed subsidy mechanism and opened the market in 1986, Cholimex Food Company started travelling to many countries to seek partners without result. Not giving up, it has continued efforts and exported products to over 30 countries.

The Ho Chi Minh City Stock Exchange (HOSE) said over 1.33 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will officially be listed on the HOSE, code VPB, from August 17 with the reference price of VND 39,000 per share.